"Whoever claims that economic competition represents 'survival of the fittest' in the sense of the law of the jungle, provides the clearest possible evidence of his lack of knowledge of economics"
- George Reisman
About this Quote
This quote by George Reisman is a criticism of those who think that financial competitors is a form of "survival of the fittest" in the sense of the regulation of the jungle. Reisman is suggesting that those who make this claim are not educated regarding economics. He is implying that financial competition is not an issue of the greatest or most capable individuals surviving, yet rather a matter of comprehending the economic system as well as maximizing it. Economic competitors is not an issue of brute toughness or selection, but instead an issue of expertise as well as understanding of the financial system. Reisman is suggesting that those who make the case that financial competition is a form of "survival of the fittest" are not knowledgeable concerning economics and also are not knowledgeable about the intricacies of the economic system.
This quote is written / told by George Reisman somewhere between January 13, 1937 and today. He was a famous Economist from USA.
The author also have 2 other quotes.
"A lawyer without history or literature is a mechanic, a mere working mason; if he possesses some knowledge of these, he may venture to call himself an architect"
"States get to improve transportation infrastructure; that creates economic development, puts people back to work and, most important, enhances safety and improves local communities"
